Salaries//Chicago, IL//Product Owner

Product Owner salary in Chicago, IL

Average Base Salary in Chicago, IL

$103,606
$10,220
Additional Cash Compensation
$113,826
Total Compensation
Median: 100,000
Min: $55K
Max: $165K

How Much Does a Product Owner Make in Chicago, IL?

The average salary for a Product Owner in Chicago, IL is $103,606. The average additional cash compensation for a Product Owner in Chicago, IL is $10,220. The average total compensation for a Product Owner in Chicago, IL is $113,826. Product Owner salaries are based on responses gathered by Built In from anonymous Product Owner employees in Chicago, IL.

Product Owner
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best-paying cities for Product Owner

The metropolitan areas that pay the highest salaries for software engineers are Colorado, San Francisco, New York City, Los Angeles and Atlanta.
City NameAverage SalaryCompared to National Average
Colorado, CO$145,000
+ 27% (106,144)
San Francisco, CA$135,167
+ 21% (106,144)
New York City, NY$133,583
+ 21% (106,144)
Los Angeles, CA$118,442
+ 10% (106,144)
Atlanta, GA$116,873
+ 9% (106,144)
Seattle, WA$116,158
+ 9% (106,144)
Miami, FL$115,571
+ 8% (106,144)
Orlando, FL$113,571
+ 7% (106,144)
Salt Lake City, UT$113,429
+ 6% (106,144)
Remote$112,805
+ 6% (106,144)

Product Owner Salary by gender

The average Product Owner salary for women is $101,842 and the average Product Owner salary for men is $108,347.

Product Owner Salary by Years of Experience

The average salary for a Product Owner with 7+ years of experience is $110,545.

Product Owner Salary ranges

The two most common Product Owner salary ranges in Chicago, IL are $90k - $100k and $130k - $140k.

Average Product salaries in Chicago, IL

Job TitleAverage SalarySalary Range
Technical Writer$72,083
Min: $55K
Max: $95K
Product Analyst$72,909
Min: $48K
Max: $122K
Associate Product Manager$85,161
Min: $60K
Max: $130K
Product Designer$96,701
Min: $53K
Max: $215K
Senior Technical Writer$96,729
Min: $75K
Max: $119K
Product Owner$103,606
Min: $55K
Max: $165K
Product Marketing Manager$108,918
Min: $63K
Max: $152K
Product Manager$118,339
Min: $78K
Max: $200K
Technical Product Manager$124,611
Min: $86K
Max: $185K
Senior Product Marketing Manager$138,659
Min: $108K
Max: $180K
Senior Product Manager$145,270
Min: $98K
Max: $229K
Director of Product Management$167,016
Min: $90K
Max: $355K
Director of Product Marketing$183,533
Min: $135K
Max: $204K
Vice President of Product$220,678
Min: $175K
Max: $278K
CPO (Chief Product Officer)$246,733
Min: $125K
Max: $576K

FAQ

Q:

What does a product owner do?

A.
Product owners set goals and determine which aspects of a project to prioritize. They review user feedback and create user stories from the product backlog.
Q:

What is the difference between a product owner vs a project manager?

A.
A product owner is primarily concerned with prioritization and creation of user stories while the project manager oversees the entire project and ensures deadlines are met within the set budget.
Q:

How much does a product owner make?

A.

The salary range for a product owner is $55K—$250K. The average salary for a Product Owner in Chicago, IL is $103,606.

Career Info

Product Owner jobs in Chicago, IL

Skills that affect Product Owner salaries in Chicago, IL

1
Agile Product Development
4% have this skill
2
A/B testing
2% have this skill
3
User Experience
2% have this skill
4
Roadmap Development
1% have this skill
5
Product Discovery and Definition
1% have this skill
6
Product Lifecycle Management
1% have this skill

Average Product Owner Salary by Company Size

People with the job title Product Owner make the most at companies with 1,000+ employees, earning $130,000 on average.

Recent Product Owner salaries in Chicago, IL

$120,000
Yearly Salary
A Sr. Product Owner reported a yearly salary of $120,000 with +$12,000 in additional cash compensation
5-7 Years of Experience
Prefer not to say
1,000+ Employees
Chicago, IL
$128,000
Yearly Salary
A Product Owner reported a yearly salary of $128,000 with +$12,800 in additional cash compensation
3-5 Years of Experience
Male
501-1,000 Employees
Chicago, IL
$128,000
Yearly Salary
A Product Owner reported a yearly salary of $128,000 with +$12,800 in additional cash compensation
3-5 Years of Experience
Male
501-1,000 Employees
Chicago, IL
$128,700
Yearly Salary
A Consultant, Product Management reported a yearly salary of $128,700 with +$3,861 in additional cash compensation
1-3 Years of Experience
Prefer not to say
1,000+ Employees
Chicago, IL
$165,000
Yearly Salary
A Product Owner reported a yearly salary of $165,000
7+ Years of Experience
Female
1,000+ Employees
Chicago, IL
$120,000
Yearly Salary
A Product Owner reported a yearly salary of $120,000 with +$7,800 in additional cash compensation
7+ Years of Experience
Male
1,000+ Employees
Chicago, IL
$130,000
Yearly Salary
A Senior Product Owner reported a yearly salary of $130,000 with +$6,500 in additional cash compensation
5-7 Years of Experience
Female
201-500 Employees
Chicago, IL
$125,000
Yearly Salary
A Product Owner reported a yearly salary of $125,000 with +$12,500 in additional cash compensation
3-5 Years of Experience
Other
1,000+ Employees
Chicago, IL
$110,000
Yearly Salary
A Product Owner reported a yearly salary of $110,000
3-5 Years of Experience
Male
11-50 Employees
Chicago, IL
$112,320
Yearly Salary
A Senior Technical Product Owner reported a yearly salary of $112,320 with +$5,000 in additional cash compensation
5-7 Years of Experience
Male
51-200 Employees
Chicago, IL